The CCS business could be huge: estimates suggest a value of c. £2-4 bn/yr to the UK by 2030, sustaining between 30,000 and 60,000 jobs, with a cumulative value of c. £25-45 billion between 2010 and 2030. The government sees the CCS business as taking off from regional clusters like the Humber, Teesside, Thames Gateway, the Firth of Forth and Merseyside - where existing hydrocarbon and other industrial infrastructure might be used and offshore engineering expertise can be harnessed.
Other circum North Sea countries are also seeing the value of their subsea pore space and thinking strategically about the future. Further afield, in the Gulf Coast of the United States where CCS is close to being commercially viable because of the value of CO
2 to the enhanced oil recovery business, the USGS is describing Texan pore space as the 'CO
2 sink for the USA'.
But what stands in the way of this great future? There are a number of problems said Stephenson, some technical, some social.
“The 22 billion tonne estimate of storage capacity is just that - an estimate. Most of it (about 14 billion tonnes) is made up by so-called saline aquifers - or sedimentary rocks (usually sandstones) that contain pore spaces between particles full of very salty water. The saline aquifers provide most of the storage space but their behaviour and capacity are not known very well. Gas and oil fields that are partially depleted can also be used to dispose of CO
2, and their capacities are well known; but this capacity is quite small (only about 5 billion tonnes for depleted gas fields).